Copper update - 18 October 2024

Macro Updates Oct 18, 2024

You will come across specific terms in these notes (FLD, VTL, and so on). Rather than explain them each time, you will find definitions here: guidance notes for Hurst cycles terminology.

Copper - entering 80 day cycle trough zone?

In Monday's macro outlook we were looking lower for the 80 day cycle trough. Price has continued to fall across the week, but with an uplift in China indices, we could be seeing a bottoming formation now. It is time to consider targets and confirmation levels:

Christopher Grafton CMT

Chris has been involved in the markets for 20 years. He is the author of Mastering Hurst Cycle Analysis and is an experienced working technician. Chris holds the CMT qualification.